Siuri Nyadi Power Limited (SNPL) has submitted its Initial Public Offering (IPO) proposal to the Securities Board of Nepal (SEBON). The company plans to issue 3,03,60,784 unit shares worth Rs. 3.03 Arba, with NMB Capital Limited appointed as the issue manager of this IPO.
Credit Rating Details
Siuri Nyadi Power Limited (SNPL) has been rated IRN BB (Double B) by Infomerics Credit Rating Nepal Limited which means the company has a moderate level of financial risk. The company’s long-term rating for NPR 5,239 Mn bank facilities has also been upgraded to IRN BB (Double B), while the short-term rating for NPR 225 Mn facilities is reaffirmed as IRN A4 (A Four). Both ratings have been removed from the “Issuer Not Cooperating” list, showing improved performance and cooperation.
About Siuri Nyadi Power Limited
Siuri Nyadi Power Limited (SNPL) was established as a private company on the 6th of Bhadra, 2071 (22nd August 2014) and later converted to a public company on the 4th of Shrawan, 2074 (19th July 2017). SNPL has developed and now operates the 40.27 MW Super Nyadi Hydropower Project, located in Marsyangdi Gaupalika-6, Lamjung District.
Key Project Details:
- Catchment Area: 93.87 square kilometers
- Design Discharge: 6.80 cubic meters per second
- Primary Promoter: M/s Ngadi Group Power Ltd
The hydropower plant uses the flow of the Nyadi River to generate renewable energy, supporting Nepal’s energy needs and sustainability goals.
Conclusion
This upcoming IPO will help SNPL secure funds to support its hydropower project while offering investment opportunities to the public. The company’s progress and credit rating improvements reflect its efforts toward growth and transparency.